Residential Mortgages

Valley offers flexible terms, competitive rates and local, timely decisions to make the borrowing process easier and more convenient for you. View our loan products and choose the home financing that is right for you.

PURCHASE A HOME

Whether you are a first time homebuyer or looking to purchase a second home, our residential mortgage experts can help you every step of the way from application to closing. We provide fast, reliable service with low interest rates and fees. You can choose from a variety of terms designed to meet your specific repayment goals.

As of 3/3/2015, an example that illustrates typical terms for a $300,000, 30 year fixed rate loan with a 25% down payment, has an APR of 3.813% and monthly payment of P&I of $1,389.36. This APR is accurate as of 3/3/2015 and is subject to change. The rates and APRs may be different for loans that exceed the conforming loan limit of $417,000 (i.e. Jumbo Loans). Down payments of less than 20% will require private mortgage insurance. The estimated monthly payment does not include taxes and insurance premiums, and the actual monthly payment will be greater. Rates and APRs are subject to change without notice. Subject to credit approval.

For all programs, applicant will be responsible at closing for payment of interim interest and for funding an escrow account for real estate taxes and insurances. Applicant will also be responsible for payment of all settlement items between applicant, as buyer, and seller for the purchase of applicant's home, and for applicant's attorney fees.

Valley's $1,899 Purchase Option offers a discounted package of settlement services to approved applicants as part of the Valley Purchase Program for the payment of mortgage origination, mortgage loan settlement, title search and title insurance costs. Lower rates may be available for certain Jumbo Loans for applicant's willing to pay higher mortgage loan closing costs.